Altamed Foundation

Nonprofit profile at a glance

EIN
954090420
IRS 990 coverage
2022–2024
Forms available
Form 990 2024, Form 990-N 2018
Location
Los Angeles, CA, USA
Phone
3236222443
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate

Reported finances

Revenue
$10,279,442
Expenses
$6,200,317
Assets
$67,096,461
Liabilities
$6,398,635

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

33 people listed

Executive titles in this filing

  • ZOILA D ESCOBAR EDD (PRESIDENT)

Highest reported compensation

  • CASTULO DE LA ROCHA JD (BOARD MEMBER): $1,949,272 total reported compensation
  • ZOILA D ESCOBAR EDD (PRESIDENT): $927,830 total reported compensation
  • JOSE U ESPARZA (CFO): $919,079 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

To support the activities and purposes of altamed health services corporation, a California nonprofit public benefit corporation "ahsc", a section 501(c)(3) tax-exempt organization.

What it reported doing in 2024

The foundation was founded to support ahsc in achieving it mission to increase access to comprehensive health and human services and reduce healthcare disparities in southern California communities. The foundation provided support to its supported organization, altamed health servics corp. (ahsc), to fund the following ahsc programs: civic engagementour civic engagement programs engage patients and the larger community in understanding the value of the right to vote and empowering community members to excerise that vote. In 2024, we contacted 141,845 voters throughout California and reached targeted groups of 7,867 text subscribers and 13,842 email subscribers with key voter engagement information. We informed altamed patients about the right to vote in elections via 616,000 screensavers and 206,000 tv impressions, in altamed clinic waiting rooms.

Operating model

Revenue model
Donor-supported. 75% of the money available for current operations came from contributions and gifts.
Distribution model
Grant intermediary. The nonprofit sent 100% of its reported program spending out as grants.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 73
  • Transparency & Controls: 71
  • Accountability: 71
  • Sustainability: 89
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 70.6%; rating input score 71
  • Program expense ratio: 100%; rating input score 100
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
  • Governance controls: 4 of 9 controls in place; rating input score 44
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Fail
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 39.7%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 10.82; rating input score 92; 92nd percentile among comparable filings
  • Liabilities to assets ratio: 0.1; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 1.1%; rating input score 85; 85th percentile among comparable filings

Growth

  • Program expense growth: 81.3% per year; rating input score 100; 99th percentile among comparable filings
  • Revenue growth: 46.5% per year; rating input score 100; 98th percentile among comparable filings
  • Asset growth: 11.6% per year; rating input score 100; 71st percentile among comparable filings

Details

  • Where the money goes: 70.6% of revenue deployed · 100% of spending went to programs
  • Governance: 30 of 33 board members independent · 4 of 9 filing controls reported
  • Programs: 4 filed program accomplishments · $6.2M in reported program spending
  • Leadership: top reported pay $1.9M · 33 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 17 of 17 current checks pass
  • Schedules: 7 filed schedules · includes major donors, grants, and executive pay
  • Filing history: 3 filing years from 2022 to 2024
  • Contacts: How to reach this organization
  • Money network: 1 filed money-flow record
  • Related organizations: 9 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Moderate — Accountability: Governance controls: 5 of 9 not reported.